 All right Hey, everyone very good morning Give me a moment. All right, so I think we are live in YouTube and also in discord Okay, welcome back everyone So before I proceed can you give me a quick confirmation on can all of you see my screen and hear my voice clearly is everything clear Can you quickly confirm that using the chat option in discord? It is available at right top corner. We can access that At the right top corner and you too. We can use the live chat to interact with me. Good morning, Mark. And yeah, thank you Thank you for the confirmation So before I begin, I just want to I just want to know how many of you are already Already aware about order flow and footprint charts. How many of you are like Already using this particular tools and quickly get into the session. But before that Thank you, Tom. Cool. So we have Like different sections for this particular session. So I'll be discussing about the initial context of the market in the first place and after that we will be Diving deep into the concepts of book map. So we're going to explore the different tools that are offered by book map for Indian market all right, so this is a session powered by true data and We are going to do the live analysis on nifty and bank nifty before I proceed a quick disclaimer Any information that I'm going to share from now onwards are for educational purpose only not for by our cell recommendation So please consider it as a research and educational concept Every single decision that you take in trading are subject to market risk. So let's quickly get into the Subject so just give me a moment. All right So this is a nifty continuation chart nifty Future's continuation chart a 30-minute chart Cool, so Before we jump into the concepts of all the flows or Footprint charts we go by a process. So basically a context right context as in like where the market is presently heading All right, and how the overall market is presently behaving at on today's market because it's a very short term trading for An intraday, so obviously it makes sense for us to look at the context in the very short term So that's why we are using a 30-minute chart to define the trend and most importantly What are all the locations where we can monitor the price action and especially the overall price details in a specific locations? And and at the final stage we have a an entry and exit stage. All right, so we I basically call it as TLE framework. All right, so just So what I mean to say is that the first thing is to identify the trend like for example in which way the market is primarily Trading all right. So whether it is moving in upward direction or downward direction how we define it the basic projection patterns Okay, so like if the market is making higher and higher lows continuously then we define it as an uptrend If market is making lower lows and lower highs in that sense We will mark this particular context as a downtrend And if market is going nowhere and it is staying in the sideways market Then we will call it as choppy market or a sideways market So the idea here is that once we identify the trend all we need to do is to align with that particular trend For example, if you identify the trend as uptrend Whether either we can look at the breakout of swings and enter into the trade Or we can also look back to the full bag opportunities and then also get into the trade So don't worry entry and exit triggers. So I will explain it in the bookmap chart So first thing is to identify the trend if it is a sideways Then we know that the buy low sell high strategy is the appropriate strategy for sideways market So when market approaches to higher level we look for a shorting opportunity when market approaches to lower level Then we look for a buying opportunity So this is what the first step is all about identifying the primary trend So the second step is to identify the locations in simple sense It's basically the immediate support and resistances for intraday Basically previous day high, previous day low And after completion of the one hour even IB high We call it as an IB range, initial balance range The first one hour high and first one hour low is also very critical for the market auction For an intraday perspective, in an intraday perspective And most importantly if there are any major support and resistance We will mark them in the second step And the third step is where the main core part comes in How we get in and get out of the trade All right So this is exactly the process I'm going to This is exactly the framework I'm going to deal with today With even nifty and bank nifty So we're going to follow this entire process All right So first let's understand which way the market is primarily trying to move at the present moment When it comes to the price action Okay So as we already know that on a broader picture So if I zoom out the chart We clearly know that from this stage Market is trying to move in the upward direction in the In in a broader picture All right So even if you draw the Fibonacci retracement for all this entire trend Okay So we are somewhere dealing between 0.382, 0.236 This is the percentage level we're dealing with So that means for even a short opportunity Even there is a shorter correction The possibility of market reaching to you know 18,200 levels Is is critically is possibly Is possible All right So just a moment Yeah So let's look into the short term trends So basically at the present moment Okay, so as I said higher is and higher lows So presently market is making a lower loss and lower rise I'm saying that so from this point onwards It started progressing in the lower lows and lower highs Processed So in that sense Even if we want to look for a long trade This is an important information Listen to me carefully If we want to look for a long opportunity Okay, long trade opportunity We want last swing to be broken Okay, so in nifty If the price is not breaking this And we are finding a false break Or kind of don't worry I identify the false break Also I will explain how to do it in the bookmark chart After formation of the one hour chart If the market is taking a resistance Or kind of a false break signal at the IV height Then that is also one of the Good opportunity for us to look for a short trade Opportunity and continue the existing short term downtrend So in a short term basis Market is moving the downtrend And on a broader picture Market is making a progress in uptrend So if we want to look for a long opportunity Then price has to break the previous day high So previous day high In the sense of the last swing high around Let me mark that particular level So this is where that level is Okay, so 18,490 18,490 somewhere And here is where we have immediate support Which is previous day low at somewhere around 18,306 And market is presently making a Immediate up move when market approach to the lower level Okay, so the context is very simple I would like to repeat again So basically market on a broader picture Making a progress in the upward trend So in that sense Definitely we have a good opportunity for long opportunity But we want the last swing high to be taken out So market has to sustain about this level To look for long opportunities This point one If market is sustaining below this level Then we can still look for shorting opportunities Because still on a shorter note Market is presently moving in the downtrend And we can look for shorting opportunity at IB high Okay, so after completion of 10,15 We will form an IB high So once market approaches to that level We will monitor the price in the book map chart And then we will take the action accordingly Okay, so this is about nifty Okay, so I hope the context is clear to you Then let's move on to the bank nifty And see what is happening in terms of the bank nifty Okay Well bank nifty has a different view altogether So as you can see that on a broader note Market Market is presently moving in the upward trend Okay, no doubt in that But if you look in the very short term Trend Even though market This is an important point Even though market is progressing In the lower lows and lower high format The interesting pattern over here is That market is presently in bank nifty Especially market is approaching to the level Where we saw maximum support condition Here Here Here here Almost four to five times market Approach to this level And we saw the up move So in that sense Market is presently at this particular level So in that sense We can call this as a bracketed market Or kind of a sideways market So for example Let's say this was the range earlier Market was trading in Right So this was the range And presently again It is falling back to the same range So In terms of the bank nifty We can deploy the bi-low-cell-i strategy When again market approaches to the higher levels Okay So kind of this particular level Then we can look for a shorting opportunity So even we have a shorting opportunity At the IBI high as well Okay So for any decision For any decision Short Short moment Or for any decision The down movement to happen in bank nifty It has to break the support level That we are seeing from 28th November All right So this level is absolutely critical for bank nifty So let me mark that level as well Yeah So this is one of the major support At the present moment for bank nifty And this is where we have an immediate resistance And of course IBI high and IBI low That means the first one hour high and low Is also one of the critical level If we at all look for a shorting opportunity We look for immediate opportunities in nifty At IBI high All right So once this context is clear to you Okay Now you now the doubt may Like you know We know that primarily in the bigger context market Is moving in upward trend Why can't we directly look for long Long opportunities Well We can also do that But the risk part When it comes to the risk part The risk is very high When we take such steps Okay So that's why We want an additional confirmation That if market breaks this level Then we can look for long opportunities in nifty But when it comes to bank nifty Bank nifty is still much more volatile In terms of the overall sideways market Even though it's moving in a sideways market It is a little volatile So by low fell high strategy Is one of the strategy we can deploy to bank nifty So it's really interesting to see What happens when price approaches to 45,540 and presently market is taking support at 43,181 Okay So this is a basic context We have completed two steps in our entire framework I hope this is clear If you have any particular questions Please make sure to note it And when I ask a question So feel free to ask them in the comment section Okay So now let's Look into the book map chart And see what is happening in terms of that Okay So I believe that if there are any Beginners in your group So I'll Start it from the absolute basic Okay So I will disable all the indicator that I have marked over here And yeah Just a moment So this is how the bear chart looks like So this white line is nothing but the b-wap Volume weighted average price So And we have a cumulative delta in the lower level Which looks like RSA But it is not an RSA So it's basically the cumulative delta And we are seeing bubbles And in between there are b-b-o indicator So what you see over here Okay So let me Just give me a moment Okay So within this bubble You are seeing a red and green land rate So that is nothing but the b-b-o indicator So best by Best bid and best offer Okay So what I mean to say If you open a depth So immediately for a first level You will see the best bid and best offer So that's exactly the level that we are trying to store here So the brilliant part of it is That it shows the structure Price structure Or the demand and supply structure Within the candle Okay So if I enable the candle So you will be able to notice it Just a moment Yep So I have enabled a 15 minute candlestick charts over here So in candlestick we will only be able to see open Close High and low But what happened within that So what happened within this entire framework is What we will be able to see Within this particular candlestick By using the b-b-o indicator So it's in simple words It's a support and demand indicator Which shows the structure Supply and demand structure within the candlestick So by that We will be able to identify the price structure Without waiting for the confirmation of the candle That's one of the advantage And in that sense We can get into the trade on an earlier note And we can also get out of the trade In an earlier note So before confirmation of the candle That's one of the way We can use the Just a moment Okay, so that's why I'm going to disable the candlestick So now onwards We are going to concentrate on the b-b-o indicator And now you are able to see the bubbles So this green and red bubble You are able to clearly see that There is some buying activity happening over here And there is some selling activity happening over here So basically what the software does is Whenever there is an execution So whenever the completed order So it consider that order And it varies It divides that particular order Whether it is a buying order or a selling order So at this particular level We are seeing a market sell order And this level we are seeing a market buy order And second information point is that There is two bubbles So here also there is a green bubble Here also there is a green bubble But there is a size difference You can clearly differentiate Relatively when you compare this particular thing to this one So even though it is a market buy order At this particular price level More number of buy orders Got executed comparing to this level Okay So this is the second information Don't worry how to How to combine this information And how to take a decision So I will definitely explain that This is the second important point That we are able to see What is the internal structure of the candle That's the point one And point two we are also able to Spot out the difference between the behavior of the orders And most importantly Even though there is a same order Even though there is a market buy order We will be able to see the relative difference Between the size of the order So this is one of the important point Then there are couple of There are different indicators That are offered by bookmap So let me show you that And after that I will come back to this So if you visit bookmap.router.in Right now I am using a pro version Bookmap India pro version in that There are so many add-ons You can see cumulative volume Delta, point of control VWAP, correlation tracker Absorption indicator Sweep indicator Footprint, instrument copy Break even point And price levels Cross BBO I am going to utilize different indicators And show you the use case of it today So in this If you go to the configure add-ons Okay, so there are so many add-ons That have already included So I am going to add a few add-ons today To discuss absorption indicator And footprint I will explain it separately So footprint is also one of the Important information that we get When it comes to the order flow Then we have a price level So I will enable this particular point Then footprint I will explain it to you later Then I will enable one more indicator point If you go to the session voice profile Okay, and sorry I have power to explain So whatever the information that we are seeing At the right corner Is basically nothing but the Volume profile information Whatever the volume that are happening In the market So it is basically considering those volume And showing us the profile In what price level If you just look at this You will be able to see That at this price level We have more number of transactions Are taking place When it comes to this particular price level There is a sweep in this particular price level All right So this is immediate difference That we can spot out By using the volume profile Where the maximum number of orders Are taking place So if you right click on session voice Volume profile and configure this You will be able to see There is a option to enable Point of control So in a yellow color line So right now Whatever we are seeing here The point of control Is an enabled point of control From this particular thing So we will start it From the point of control So first thing is that If you notice the difference Point of control Is continuously varying Comparing to the past levels So we will compare it With the past levels of point of control The major part of point of control Is that it shows us The immediate shift in the trend So in a simple sense What is point of control Point of control is the level Where the maximum number Of transactions are taking place So in this case You can clearly see That after market opened here From this point There was an immediate shift In the entire point of control That means more of the number Of transactions are taking place At the lower levels That shows the price acceptance Price moving in some direction is good But with a price moving in an acceptance manner For example, if the price is making A progress in upward direction By also point of control moving upward That means Along with the price Acceptance of the people also increasing That means clearly It shows the healthy uptrend All right So that's exactly what we are presently saying So immediately there was a shift But again there is a shift from this point onwards And as you can see that Point of control is continuously varying So we can use point of control In two different manners One is to identify the immediate short term trend Okay So in terms of the BBO indicator Where the price is presently heading In terms of this Very short term opportunity And most importantly We can also use this particular price level As a target for main reversion trend Okay So this is an example Use case of it So assume that you are looking for Sell high by low strategy Okay So assume at the present moment You are looking for a shorting opportunity Then point of control can be the target level Because that's where the maximum number of Transactions have taken place And that's where the maximum number of acceptance That's why we are also utilizing This particular level as a target Or one other case is that We can also use this for Buying opportunity We are also We will also use this for Identifying the immediate trend This is about the point of control Then I have enabled a price level indicator Okay So this price level What it simply does is It smartly shows us The 100% That means the highest level Okay If you just compare from today's market Okay So for example From the market open This is the market high Okay So around 18,000 425 somewhere around And most important point over here is that From the morning From this point The low of the day has not changed That means Market is progressing in an uptrend At the present moment So this indicates a day high and day low Okay So as in when the day high progresses In the upward direction That means market Is continuously breaking the higher levels And making the progress in the uptrend Okay So why we can use this particular level So basically to You know Have an immediate glance on where the maximum level of today So where the maximum high of today's Low of today's So that we can monitor and observe the price When the price approaches to those particular levels It's nothing but the visualization of the price level Then comes one more indicator Which is absorption indicator Okay So this is a wonderful indicator to look at Because It shows us the validating swing parts How? See for example Let's say market I said market if it is making a higher S and higher lows The BBO indicator also if it is making higher S and higher lows Then it's an indication of an uptrend But This particular swing point provided by the You know followed by the absorption Then that's a validation point So that shows the validated swing So as you can see Whenever there is an absorption happening Okay In most of the cases Here it happened and we saw the immediate swing And here it happened We saw the immediate swing So absorption indicator will help us to identify The possible swings in an effective manner So that we can take the effective decisions And identify the pattern in an effective manner For example in this case Here is where we have An absorption If I just connect the absorption's points Okay So just connect the absorption's points Will be able to spot out the market footprint Okay So in that we will be able to avoid unnecessary You know signals like this Okay signals of swings S and swing lows We can clearly use absorption to identify the swings Point one And how this particular indicator is calculated Basically the condition goes like this If within 2.5 seconds This is a default setting I haven't changed anything over here Okay So if within 2.5 seconds 4,240 quantities got executed And that is the point we identify that as an absorption If it is happening Like someone is aggressively buying Within 2.5 seconds And those orders got consumed Within 2.5 seconds Then definitely someone is showing an interest At the opposite level So that's an importance of it The main importance is that within some Within a short period of time So much of quantities got executed All right So there are two modes on this Automatic mode So earlier it was in automatic mode Or you can also do it manually For example if I just make it as 5000 quantities Now I can change it The software will only identify and shows us the absorption points Where the 5000 quantities got executed within 2.5 seconds But if I make it automatic It looks back last 30 minutes And it multiplies it by 5 For example last 30 minute average transaction quantities Or average quantities is 5 5 multiplied by 5 how much? 25 So that number will be automatically inputted into this particular single Okay so this is a dynamic way of using it And most preferred way of using it So that for every single instrument This will be different So manually putting this particular number may be a hectic work So in that sense definitely automatic mode makes sense So it looks back to the present information And take the effective quantity in the input signal All right So I hope this is clear Once this is clear to you How we can take the decision That's exactly the important question now So how we can combine this information and take the decisions Okay So again I just want to recall the entire process again So basically we go by the framework Trend Locations And then comes the entry and exit When it comes to an entry and exit We don't take a random entry and exits We take an entry Especially entry at a specific defined price levels Okay For example Just give me a moment For example Let's look into the Nifty Okay For example Nifty Okay So this is this is a best location that we're presently dealing with So this is the IB high Okay So IB high is at 1800414 Okay Right now market is taking a resistance Okay So if I just look into the 15 minute chart Right now market is taking a resistance Okay At IB high So it is matching with our context So we were looking for a shorting opportunities When price approaches to an IB high And takes the immediate resistance So once this is clear We will ship to this chart Okay So I will also add the footprint And I will show you how that looks And after that I will show you how the inform How to you know use that information In order to get confirmation on the false break And breakouts and everything So there is a footprint chart So I don't want to plot that in this particular chart So in that sense I will copy the instrument So this is also one of the add-on You can download it from bookmap chart So I'll just enable And create one more add-on of nifty Okay So this is a nifty add-on And in this case we by default the footprint chart Enable to this Okay So we are now seeing the footprint chart For the nifty instrument of 15 minute For every single 15 minute Right now Price is at IB high Okay Price is at IB high And we want to look into the information of Footprint So footprint is also nothing but an executed orders Market buy orders and market sell orders You can clearly spot out the difference As you can see Okay So follow my cursor It shows two most important information over here So first thing is that it shows the volume profile Of the individual frame Individual time frame So at the present moment As you can see More number of orders got executed at around this particular price range Okay And second important point It shows us that it has changed It is dynamically changing Right now it has shifted to this particular price level First thing is that where the maximum number of transactions Have taken place for that particular time period And second important point What is the behavior of it Whether it is a buy market buy orders Or market sell orders So right now we are seeing The maximum number of orders getting placed In this price level Okay And if you just look at the behavior of the orders They are the market buy orders Okay As I said Market is approaching an IB high And we are able to see the market buy orders More number of market buy orders getting executed Just above the IB high And if Okay So this this is a critical point If the price is instead of moving upward Okay So if they are a strong aggressive buy orders Then price they should depend the price And price should trade in the above direction But if price is moving in the opposite direction Then definitely the one who entered aggressively At the market buy orders are getting trapped So they may be a stop loss buy orders Stop loss buy orders getting executed At this particular price level So someone is Someone may be consuming those market buy orders Smartly and trying to you know Move in the downward direction So that's how we can assume So just by looking at the footprint chart We can't take decisions We also have to include the price behavior Of the after the formation of the footprint charts Okay So just give me a moment Once this is done One the context is clear Right now we are also able to see There is an absorption Buying absorptions at this particular stage Okay So we want a pattern to form now If we want to look for a shorting opportunities For example in this case How we can look for a shorting opportunities Present is moving in the higher high and higher low format So we want this format to shift like this For example in this case Breaking off this particular last swing And again moving up Provided with the You know followed by an absorption Buying absorption And then again if there is an absorption false here We can look for short at the last swing low So that is one of the Trade setup at the present moment We can look for a short opportunities And where we can keep our stop loss Last absorption level is where we can keep our stop loss And keep trailing our stop loss whenever For example, okay So this is this is an example six So assume that you have taken a buy entry over here And earlier stop loss was here And whenever there is a formation of buying absorption Okay, sorry selling absorption So we can keep trailing our stop loss to the absorption levels So we can use absorption to identify the swings And also we can use this to trial our stop losses So I hope this is clear We can look for shorting opportunities Provided with a pattern to form So we will monitor the pattern to form at nifty Like lower looks and lower his format We can look for short And we can keep our stop loss to the immediate absorption And keep trailing our stop loss to the last absorption All right, this is one of the setup So how we got the confirmation So we validated our trade opportunity Using the footprint chart So this is the footprint chart This is where the maximum number of transactions have taken place That is exactly above the IV high And most importantly, they are the market buy orders If at all, okay If at all price after this particular stage If price sustains above this particular level Okay, that invalidates our trade That means we are presented looking for a shorting opportunities But we don't want price to sustain above IV high The more the time market spends above IV high That's not a good sign for us to look for the short opportunity That is also one of the condition But as I said But as I said just a moment If at all there is a buying opportunity If at all we want to look for a long opportunity Then at least price has to break this particular level Until that we are still good at looking short opportunities Okay Yeah, this particular session will be saved Okay, the page don't worry So this will be saved and you can watch this I think this will be shared with the pro users of bookmap chat All right So I hope the so far information is clear Let's look into the bank nifty as well But most important point I want to recall again So we are following the context So having the right context Having the right framework is absolutely important Without that if you do If you take a random decisions Okay, just because you are seeing an absorption Just because you are seeing a You know a more market buying orders You are taking decisions No You have to go buy a framework Framework is absolutely important to take effective decisions And at the same time avoid unnecessary trades I hope this is clear Let's look into the bank nifty Okay Yes, the absorption indicator Whatever the information that I'm showing Absorption indicator and demand and supply indicator Whatever the information that I'm showing Is basically the indicators or tools That have that are already included in the bookmap India Version Okay So right now bank nifty is still good And still progressing in the uptrend And it's most important for us to look at the Price action when it approaches to 43,544 level Until that what we have to do We just have to wait for the price to approach to that level So even not taking any particular trade is also trade Right So in that sense we only look for opportunities At a specific locations That's an importance of the context So how it looks like in the bank nifty chart So let's check that out So this is how the overall chart looks like If I have enabled an absorption indicator And let me add a foot price level indicator Okay So it shows us the high end low So presently it is trading at the high Okay So immediate This is also one of the important point If you look for a shorting opportunity If you are looking to short here Okay This is a hypothetical example The immediate target would be The point of control Point one And we also monitor the price When price approaches to the point of control as well So this is one of the critical point So let's look into the nifty So we want pattern to be formed As I said the break of this swing low And an absorption And then a formation This particular thing is important This stage is the entry stage for us to get into the trade I hope this is clear Okay What's your approach? There is a question from Tapesh Who is asking what's your approach on determining the bias of the day Well the bias of the day is basically from the price action point of view So I think you missed the initial part of the session So basically we identified it using the Price action information over here Okay So just a quick recall on that I have explained in the initial stage itself The on a broader note market is moving in the uptrend But on a shorter note it is taking a corrective move Okay So in that sense we have both opportunities At the present moment for looking short opportunities And buying opportunities But most of the desirable moves may come in the upward direction But on a shorter note market is presenting corrective moves In that particular sense We are looking for a shorting opportunity just above the IB high for nifty If at all we want to look for a long opportunities Buying opportunities Then we are looking at after market breaking the 18,490 level Which is nothing but the last swing high Okay I hope this is clear The approach is very simple We identify the trend using the price patterns And historical price behaviors And then we identify the locations Desirable locations to get in and get out of the trades And then we get into the entry and exit Using the BBO indicator that I have already showed you in Bookmap chart And other indicators that are offered by bookmap I hope that is clear Let's see what happens with the overall pattern So but I hope the entire context is clear to you If you have any particular questions Feel free to ask it Any particular question So if you want me to show some setting or something If you have any particular questions on that Feel free to ask Most welcome, Tapesh Someone is asking So it's like demand The price is above Okay, Simli is asking if the If it looks like a demand Well, it's nothing but demand and supply So you immediate depth information We will take out and we will store it historically The red line that you are seeing here Is the best offer And the green line that you are seeing here Is the best bid It's a BBO indicator Green and red If it is progressing upwards That means in market there is a demand If it is progressing downwards Similarly to the price information The only advantage of this BBO indicator Is that it shows the internal structure Of the specific interval That's an advantage point Okay So there is a request from Purna Who is asking can you explain sweep indicator Okay, there is one more indicator Called a sweep indicator Okay So let me enable that as well And show you the setting in the first place So basically the sweep is nothing but The condition as it says If within 2.5 seconds So much of orders got executed Now we ask what is the major difference Between absorption indicator It is also the same, right Well, when it comes to the sweep Just a moment Well, when it comes to the sweep There is one major difference Okay, so which is The price levels that we monitor To consider the calculation So when it comes to the sweeps We look for minimum 2 price levels Even though the quantities are same We are monitoring minimum 2 levels To be considered When it comes to the calculation of it Where in if you just look at the absorption indicator We are only looking at a specific price level That's why it is differentiating it as an absorption In this particular stage Since we are monitoring at a specific price level But when it comes to the sweep Sweep means what An immediate sweep in the market Right, immediate sweep Sweep over or sweep moment in the market So we are considering minimum 2 to 3 price levels In terms of the calculation of the same condition So in that particular case Market is progressing Sweepfully making a progress In one particular direction by You know major positions So in that case Sweep indicator identifies the aggressive activity Aggressive buying and aggressive selling activity Where in Where in the absorption indicator Help us to identify the passive activity So always understand when there is an execution When there is a trading Someone is buying someone is selling But if someone is placing a market buy order Opposite to him some passive order has to be there All right So if maximum number of orders are getting placed On a specific level And though they are getting placed In some short duration Then we consider an absorption If it is happening at a multiple price level Then we consider the sweep Okay So I hope that is clear Okay Marpendia is asking Please show how to activate Cumulative volume delta widget Okay So if you visit this Studies configuration Okay So you will be able to see cumulative volume Delta information So if you disable this It will not be able to say it If you enable it You will be able to say it So this is where you have the information Okay And cumulative volume delta I'll I'll try to explain it in a separate session And I have already explained in the last session So if you are already a book map user So you can watch the previous session So there I have explained about civility So I'll try to cover it in the next week probably So there are different settings on it Basically cumulative volume delta Is also will also help us to identify the behavior of the overall movement Okay Right now market is making a downward momentum It has already broken this particular level And some absorption right So the selling absorption Will be the good sign for us to look for a shorting opportunity If that happens And if market makes an immediate shift movement in the upward direction The break of the last swing low can be the entry trigger for us So immediate target will be the point of control But it is always suggested to keep trialing our stop loss to the last absorption So that way we will try to encash maximum benefit from the trend Okay So I hope this is clear Thank you Purna Any particular questions Feel free to ask any any questions See it may it may look silly question So there is no there are no silly questions So there there can only be the silly answers So try to be open and try to ask any particular questions If you have any particular questions you can ask So I'll be happy to answer it So let me recall what and all we have discussed So basically we go by the process As I said Trend identifying the trend in terms of the price behavior is very important So we try to align with the trend that is point one point two Okay, so I forgot to inform this When we can use the swift swift indicator Is when you don't see most of the information So sometimes we see the absorption Sometimes we see the sweep So even though absorption is missing So sometimes we'll be able to see the sweep So you can use both the indicators to identify the same behavior Okay, so First thing is to identify the in terms of the overall framework We identified the entire trend in the first place And we try to align with the trend And second step is to identify the locations Desirable locations to get in and get out of the trades And third thing is to You know, identify the entry and exit opportunities According to the framework According to the existing trend And we try to anticipate or we try to participate Or we try to observe the pattern formation Even in the BBO indicator Based on that we will take the effective decisions So how we can do that Adjust an example purpose Assume that you are looking to buying opportunities At the present moment we are looking for a shorting opportunity High B high If you are looking at buying opportunity at some support level If the BBO indicator approaches this particular level And we see the absorption over here And after that there is a sweep Sweep up movement And after that there is a short up move But a short down move But it is not reaching the last low And again it is breaking the last swing high This can be the desirable pattern for us to look for To get into the long trade If you are looking for a long opportunity For example, in another case If you are looking for a break of this particular resistance Assume that this is a resistance And you are looking for a breakout of this particular level And then look for long opportunities That's a same buying opportunity But it's a breakout buying opportunity Two way you can enter One needs to aggressively enter when market Breaks out the resistance That's one of the way And another one of the way Another way that most conservative traders looks in So that's my favorite way as well So once it breaks this particular level And again it gives a short down movement By having an absorption over here Then the break of this last absorption Can be the better way of participating the long trade Even in the breakout trade The advantage of it is that We don't look for candle information We don't look for candle confirmation And that's where we will be saving a lot of time And also we will be getting into the pattern Much earlier when comparing to the candlestick I hope this is clear So any particular questions? So if you want to look at the footprint chart setting So let me show you that as well If you just visit the footprint chart So right now I'm looking into the time interval chart So you can use the different way to calculate it But time interval is the most effective way to look at it Because some trader will look at 5 minute information Some will look at 15 minute Some will 30 minute So ideally in my case I look for 15 minute information So 15 minute candlestick Obviously I will look for what is happening within that To look at what is happening within that 15 minute candlestick chart I will look at the time interval of 15 minute Bar width is nothing but the visual appearance part You can change this according to your need And yeah mark and tear tick size right So I will explain that And horizontal smart scaling everything That's a default setting I haven't changed anything The only thing that I have changed is background type I have made it as histogram delta plus and minus Since I want to look at the buying and selling differences In that sense I have marked it as histogram delta plus and minus Positive color negative color It's nothing but the color differentiation And shades will help us to identify the intensity of the orders Right So for example in this case you can see the dark red Right so dark red wherein this particular thing is a light red So that shows in this particular stage The maximum number of cell orders have taken place In this particular price level So that's the use case of shades And transparency factor you can change this according to your needs So it's nothing but the visual appearance And footprint types So calculation wise there are different ways you can calculate So I want to see what is the selling orders that Cell orders that got executed Buy orders that got executed That's why I have marked it as B into cell If you just add it as sum So it will submit everything And it will show the entire number of transactions That happened at a specific level It shows horizontal delta is nothing but the delta comparison So what is the delta when it comes to the delta For example in this case This is where 8600 buying orders got executed So it will only shows the delta information Total summation of the delta information And diagonal delta So it's nothing but what is the You know it's a comparison of the overall order flow information So I keep it as buying to sell or summation So buying to sell will help us to identify What is the maximum number of orders are taking place And most importantly how much number of orders got executed In that information we'll get from here And most important setting is the tick multiplier Okay So before we shift to the tick multiplier You need to make sure whenever you are adding a symbol Right any symbol that you add over here For example true data It will ask for the tick size Before you even subscribe So it will ask for a tick size If you want to access the footprint chart Effectively so it is recommended to go with the one as a tick size Right in this chart I am using a one as a tick size If you are keeping your tick size as one Then if you are multiplying it by three So then it will consider three multiplied by one as a tick So total three That means the footprint will be calculated for Every three range of the market Every three point range of the market 18,000 assume that this is a 18k level And 18,000 three level When market reaches to 18,000 three level That's three point right So the order flow information will be calculated For that entire three range All right So for Nifty I am using three Since it looks visually appealing So that's why I have kept it as three For Bank Nifty For Bank Nifty Just double up the Nifty Three multiplied by two So six is the tick multiplier that I am keeping for Bank Nifty I hope this is clear If you have any particular questions Feel free to ask Covered all the questions Just give me a moment Just a moment Well any specific questions feel free to ask Where we will get instrument copy So I will show you that If you visit bookmap Bookmap.com So once you visit this You'll be able to see more Add-ons So more and add-ons Go to the add-ons In the marketplace section So you'll be able to see the different add-ons over here Just a moment Just give me a moment Okay sorry More Okay And go to the knowledge base Just a moment Go to the add-ons Yeah So once you visit the bookmap Okay Go to the more And knowledge base Once you visit the knowledge base You'll be able to see the information of the indicators And go to the add-ons here Okay Go to add-ons And at the right and the left side Okay these are the add-ons Different add-ons that you can try With bookmap.com So you can subscribe to the bookmap True data Bookmap true data Subscription of the Indian version And then you can You'll be able to access this Okay for example If you need a absorption indicator Go to the absorption indicator And there is an explanation on it So in that You have to download it So download the absorption indicator Using this particular link Once you download that file You simply have to go to the configure add-ons And then add These are the indicators that I have Downloaded You can simply click on it And import it to the software And then you will be able to You will be able to see it in the Left corner of it And simply enable this You'll be able to see it Provided that you have the pro subscription I hope that is clear All the indicators can be downloaded here Okay So just a moment All these indicators can be downloaded here Okay And instrument copy Here is there The instrument copies Okay You can simply download it And create multiple copies In whichever the way you want So the intention of creating a multiple You know instrument copy is that It will help you to monitor the Different information of the same script So that's the use case of it Any particular questions On today's discussion Just a moment So whenever you see this right So whenever you look for shorting at IB high level Then immediately the IB low Can be the immediate target actually So we call it as a neutral day We call it as a neutral day In the concept of market profile So basically That's also one of the tool To help us to get the context So IB low can be a better target For any shorting opportunity at the IB high Any particular questions If you just look at the 30 minute chart Of footprint Even in 30 minute also We are able to see a lot of Aggressive buy orders At this particular price level Around 19,750 quantities Got executed within this particular price range And most importantly Price is started trading at the lower level So for an immediate stance Also in terms of 30 minute chart Until unless price sustains Below this particular price level That's a good sign for us Considering that we are looking For a shorting opportunity Okay So Well, that's it from my end If you have any particular questions I'll be happy to take them So also add bank nutty instrument copy Okay, Puruna is asking Can you show one chart of any stock? Okay, let's take true data And reliance And yeah Just a moment So with the same package You will be able to look at You will be able to access MCX NSC Equity futures data CDS data everything So in the same package So let me get 60 hours And tick size as I'll keep it as 0.5 for tick size for this So it takes time to load So volume dots I have disabled But now it has enabled Volume dots and other information You can do it accordingly So add-ons Put print instrument Absorption copies So I'm going to keep it as automatic mode And make it as five So we'll be able to see So give us five or 10 minutes of time So we will be able to see the historical data of it Okay Now Starting making a progress when Nifty as well So we're able to see And options over here Let's see what happens Okay, any other questions I left out Cool So well This is it from mine guys Thank you so much for your wonderful time Keep attending all the sessions Because every week we are going to learn Different things with our dynamics of the market So definitely it is essential to You know attend all the sessions Keep attending the sessions I hope today's session added value to you Thank you so much for your wonderful time See you in the next session Until then take care Bye bye Jai Hind